These are the top analyst upgrades, downgrades and initiations from Wall Street firms on Tuesday, July 8, 2014. They include Abengoa Yield, CSC, Groupon, 3M, Vertex, Williams and Xerox.
Turquoise Hill Resources announced Monday that the company received an audit report from the tax authority of Mongolia claiming the company owes unpaid taxes and penalties associated with the development of the…
ThinkstockCommodity metals are having a tough time lately. Investor enthusiasm for metals has fallen, and its only necessary look at the price of gold to see why. Equities are where investors want…
Shares of London-based mining company Rio Tinto got a boost in premarket trading in the U.S. Monday after an analyst upgrade of the mining sector that also helped lift stocks in European…
When the EPA ruled last month that Northern Dynasty Minerals could not proceed with its plan for the Pebble Mine in Alaska, Rio Tinto had a decision to make. It made that…
Paul Ausick Mining giant BHP Billiton is working on a plan to spin off its underperforming assets. Shares of some of its competitors were higher Tuesday, as investors speculated the spin-off might prove contagious.
ThinkstockThe contract price for iron ore delivered to China fell 8.3% on Monday to an 18-month low of $104.70 per metric ton (tonne). That is the second-largest one-day fall on record. The…
Mining giant Rio Tinto already owns 50.8% of Turquoise Hill Resources, and speculation that Rio Tinto will buy the other 49.2% has boosted Turquoise Hill's share price by nearly 13%.
These are the top analyst upgrades, downgrades and initiations seen from Wall Street research firms on Monday, February 3, 2014. They include Facebook, Manitowoc, Rio Tinto and Zynga.
ThinkstockAs in 2013, the twin focus of the mining industry will be to lower costs and reduce capital spending. There are also likely to be some asset sales as the larger miners…
Beginning April 1, the cost to store commodities like aluminum and copper in London Metal Exchange (LME) bonded warehouses will rise at average of 3% and transportation charges out of the warehouses…
ThinkstockCommodity prices took a sharp downward turn in 2013, but the good news appears to be that it will not get any worse in 2014. According a recent report, analysts at Moody’s…
London-based mining giant Rio Tinto said Tuesday that it plans slash its capital expenditure budget from around $14 billion this year to $11 billion in 2014 and $8 billion in 2015.
ThinkstockAt the annual London Metals Exchange (LME) Week, which began Monday, no one expects major changes to the way the exchange manages its warehousing system for aluminum, copper and other base metals.…
ThinkstockThe former CEO of mining company Xstrata has a new venture to keep him busy. Mick Davis has brought together his former management team, all of whom had to go job hunting…
